Bitcoin is now moving in what looks like an ascending triangle. But often these triangles don't work exactly to the textbook. I have drawn two trendlines. On the upward break of the triangle, we will visit the downtrend line above us and upon a breakdown, we will probably test the below seen upward line. Let's see what it decides.
Note
Looks like it's broken down. I'll still wait a bit more for confirmation.Note
To the T ladies and gentlemen. To the T.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.